China shares edge higher in cautious trade as tariff comment deadline expires

(Corrects attribution to commerce, not foreign, ministry in fourth summary points)

* Shanghai stocks higher, blue-chip CSI300 index up

* Gains in Shanghai stocks led by Ningxia Xinri Hengli Steel Wire Rope Co

* China's A-shares at 19.65 pct premium over H-shares

SHANGHAI, Sept 7 (Reuters) - Stocks in China ended higher on Friday, but the Shanghai Composite index and blue-chip shares closed lower for the week, as a deadline for public comments on fresh U.S. trade tariffs expired.

** At the close, the Shanghai Composite index was up
10.71 points or 0.4 percent at 2,691.59. The index is down 0.8
percent for the week. The blue-chip CSI300 index ended
0.45 percent higher, but was down 1.7 percent for the week.
** The CSI300 financial sector sub-index rose 0.8
percent and the real estate index ended up 0.94 percent.
** The Trump administration is ready to move ahead with a next
round of tariffs on $200 billion worth of Chinese imports after
a public comment period ended at midnight in Washington on
Thursday (0400 GMT Friday), but the timing is uncertain, people
familiar with the administration's plans told Reuters.
** China has warned of retaliation if the United States
introduces new tariffs, a commerce ministry spokesman said on
** Healthcare shares rose after two days of losses, with the
sub-index of the CSI300 tracking healthcare firms,
rising as much as 2.7 percent in the morning session before
ending the day 1.9 percent higher.
** The gains follow heavy selling of healthcare shares in recent
months amid a vaccine scandal that has undermined confidence in
healthcare and consumer firms. The healthcare sub-index is down
more than 23 percent from late-May highs. Consumer firms
ended 1 percent higher on Friday.
** Airlines took off as investors hunted for bargains after
losses in recent months due to a weak yuan and rise in oil
prices. Juneyao Airlines Co Ltd gained 7.6 percent,
China Eastern Airlines finished 2.8 percent higher
and China Southern Airlines ended up 0.8 percent.
** The smaller Shenzhen index ended 0.11 percent firmer
while the start-up board, ChiNext Composite index,
was higher by 0.17 percent.
** Around the region, MSCI's Asia ex-Japan stock index
was weaker by 0.26 percent, while Japan's Nikkei
index closed down 0.8 percent.
** At 07:14 GMT, the yuan was quoted at 6.8386 per
U.S. dollar, 0.17 percent weaker than the previous close of
** The largest percentage gainers in the main Shanghai Composite
index were Ningxia Xinri Hengli Steel Wire Rope Co Ltd
, up 10.07 percent, followed by Gansu Gangtai Holding
Group Co Ltd, up 10.03 percent, and Zhejiang
Tiancheng Controls Co Ltd, up 10.03 percent.
** The largest percentage losers in the Shanghai index were
Nanjing Central Emporium Group Stocks Co Ltd, down
9.97 percent, followed by Dawning Information Industry Co Ltd
, down 8.25 percent and China National Software &
Service Co Ltd, down 6.71 percent.
** So far this year, the Shanghai stock index is down 18.3
percent, the CSI300 has fallen 18.7 percent while China's
H-share index listed in Hong Kong is down 9.7 percent. Shanghai
stocks have declined 0.84 percent this month.
** About 10.75 billion shares were traded on the Shanghai
exchange, roughly 88.3 percent of the market's 30-day moving
average of 12.18 billion shares a day. The volume in the
previous trading session was 9.90 billion.
** As of 07:16 GMT, China's A-shares were trading at a
premium of 19.65 percent over the Hong Kong-listed H-shares.
** The Shanghai stock index is below its 50-day moving average
and below its 200-day moving average.
** The price-to-earnings ratio of the Shanghai index was 11.32
as of the last full trading day, while the dividend yield was
2.7 percent.
** So far this week, the market capitalisation of the Shanghai
stock index has fallen by 1.24 percent to 28.66 trillion yuan.
(Reporting by Andrew Galbraith; Editing by Vyas Mohan)

First Published: 2018-09-07 09:40:42
Updated 2018-09-07 11:00:11

© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.